California’s Pension Contribution Shortfall At Least $15 Billion per Year

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

“Pension-change advocates failed to find funding for a measure during the depths of the 2008 recession and the havoc it wreaked on government budgets, so they won’t pass (a measure) when the economy is doing well.” –  Steve Maviglio, political consultant and union coalition spokesperson, Sacramento Bee, January 18, 2016 It’s hard to argue with Mr. […]

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Why Investment Realities Will Compel Pension Reform

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

“For the first time in the pension fund’s history, we paid out more in retirement benefits than we took in contributions.” –  Anne Stausboll, Chief Executive Officer, CalPERS, 2014-2015 Comprehensive Annual Financial Report There are few examples of a seemingly innocuous statement with more significance than Stausboll’s admission, buried within her “CEO’s Letter of Transmittal,” summarizing the performance of CalPERS, […]

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Friedrichs vs. the CTA Ruling Could Restore Free Speech Rights of Government Workers

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

In less than one week the U.S. Supreme Court will begin to hear arguments in the case Friedrichs v. California Teachers Association, to determine whether unions can force public employees to fund speech through collective bargaining with which they might disagree. The case could result in a landmark decision impacting the First Amendment rights of millions […]

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CalPERS “Myths vs. Facts” Propaganda Will Not Change Reality

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

California’s largest state/local government employee pension system, CalPERS, has posted a page on their website called “Myths vs. Facts.” Included among their many rather debatable “facts” is the following assertion, “Pension costs represent about 3.4 percent of total state spending.” This depends, of course, on what year you’re considering, and what you consider to be […]

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When Will Unions Fight to Lower the Cost of Living?

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

A report issued earlier this year from California’s Office of Legislative Analyst “California’s High Housing Costs: Causes and Consequences,” cites the following statistics:  “Today, an average California home costs $440,000, about two–and–a–half times the average national home price ($180,000). Also, California’s average monthly rent is about $1,240, 50 percent higher than the rest of the country ($840 […]

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Moral Values That Underlie Opposition to Government Unions

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

Often missing from entirely legitimate criticism of government unions is an accompanying explanation of the moral values that underlie the criticism. Last month we published a post entitled “Deceptive and Misleading Claims – How Government Unions Fool the Public,” which listed ten myths that government unions use repeatedly in their propaganda campaigns. Missing in that […]

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Silicon Valley Moving Toward Alliance With Big Labor

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

Back in the late 1970’s something happened to the Santa Clara Valley. Increasingly it became referred to as the Silicon Valley, because the emerging silicon based semiconductor industry found its first home in plants nestled along the southern shores of the San Francisco Bay. Boasting what are among the finest universities in the United States – […]

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California’s Pensions Are An Economic Burden, Not Benefit

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

Last month an article entitled “Pensions as Economic Stimulus” was posted to Fox & Hounds Daily. The author, Charles Beckwith, is a former CalPERS senior financial manager. Beckwith’s article, while thoughtful, invites a response. Because California’s pension systems may stimulate the economy in some ways, but equally significant ways, they are killing the economy. Beckwith’s primary argument […]

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Deceptive and Misleading Claims – How Government Unions Fool the Public

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

California’s public sector unions collect and spend well over $1.0 billion per year. When you have that much money, you can hire thousands of skilled professionals to wage campaigns, litigate, lobby, negotiate, and communicate. You can hire the best public relations firms money can buy. You can commission research studies that spin facts to support […]

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San Jose City Council Capitulates to Police Union Power

Edward Ring
Edward Ring is the vice president of research policy for the California Policy Center.

“He told the class to take advantage of the academy, and then find jobs elsewhere. The police union tries to get us to leave the department.”–  Anonymous source to NBC Bay Area, television report “Another San Jose Police Recruit Says Union Tried to Get Cadets to ‘Find Jobs Elsewhere’,” Oct. 28, 2014 (excerpt begins at 1:38 in […]

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